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Cathy Wood's flagship fund Ark Innovation ETF bought JD.com, China's second largest e-commerce company, last Friday.366879 shares worth about 2770 sleeping pills.
Wood's company has been increasing its holdings recently.The shares of its competitors, some of which currently account for more than Alibaba in its portfolio.
Before Friday's trading, Ark Innovation ETF held about $112.5 million worth of shares in JD.com, accounting for 2.94% of its weight, ranking 12th out of 47 stocks held by the fund.